Finance32: Dental School’s Missing Curriculum
Finance32: Dental School’s Missing Curriculum
Great clinical skills simply are not enough for dentists to achieve financial success. Let Buckingham Strategic Wealth's Practice Integration Advisors share what else you need to know to realize your lifetime goals and obtain financial peace of mind.
Buckingham Strategic Wealth

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How Are Accountants Paid and How Are Their Fees Deducted?
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy. One of the professional relationships you’ll most likely have during your career and beyond is with an...  Read More
What Tasks Should Your Accountant Perform?
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals. In our , my colleague Tom Bodin laid out the important rationale for determining if your accountant is doing a “good...  Read More
How Do I Know My Accountant Is Doing a Good Job?
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management. Recently, we tackled . Today, I’m going to step back into a broader perspective and encourage you to assess your professional services...  Read More
Coffee Talk: Year-End 2019 Tax-Planning Considerations
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy. As I write this article, it’s early October and the temperature is up in the 80s. Even though Mother Nature is...  Read More
Coffee Talk: Federal Income Tax Myths and Facts
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals. I am often surprised by the income tax “facts” that dentists sometimes share with me. Unfortunately, in many cases,...  Read More
Considerations When Deciding Whether to Purchase Practice Equipment
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management. Dentistry is capital intensive. As a result, equipment purchase decisions can significantly affect the financial performance of your...  Read More
The Importance of Managing Cash Flow in a Dental Practice
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy. As a dentist, you work hard day in and day out. It’s natural to be frustrated and anxious when you get to the...  Read More
Advantages and Disadvantages of Operating as a C Corporation
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals. We’ve devoted several articles in recent weeks to evaluating the advantages and disadvantages of selecting certain...  Read More
Advantages and Disadvantages of Operating as an S Corporation
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management. This is the second in a series of three articles on business entity selection. In our previous post, my colleague, Katie Collins, CFP®,...  Read More
Advantages and Disadvantages of Operating as a Sole Proprietorship
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy. As you graduate dental school, you typically must think about becoming an associate or purchasing your own...  Read More
Considerations When Running ‘Personal Expenses’ Through Your Practice
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management. As a small business owner, you have opportunities to deduct expenses for income tax purposes that an employee of a larger organization...  Read More
Why Is Entity Selection Important?
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals. Today we will begin dealing with some of the questions and concerns surrounding business entity selection for your...  Read More
Some Thoughts about Employing Your Children in Your Dental Practice
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy. Each year, right around October or November, dentists are inundated with year-end tax-planning tips. One that...  Read More
Thoughts About Employing a Spouse in the Practice
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals. There are a number of good reasons to employ your spouse in your practice. However, before you start generating...  Read More
How Do I Know When It’s Time to Replace My Associate Dentist?
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management. Associates can be a great addition to a practice and beneficial to your career. They can provide the office with greater production...  Read More
Should I Consider Hiring an Associate Dentist?
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy. We come across this topic about once a week. For instance, a client may loosely mention that he or she is...  Read More
Major Mistakes to Avoid When Selling a Practice
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management.  Previously, my colleague, Mike McAninch, outlined : going it alone, seeking a win/lose, and agreeing to the wrong sale price. Not...  Read More
Major Mistakes to Avoid When Buying a Practice
, where he specializes in helping dentists connect their money and their values to realize their most important financial goals. The three major mistakes to avoid when buying a practice — going it alone, seeking win/lose and paying too much. Over the past 20 plus years, our Practice Integration...  Read More
Selling a Practice: What selling expenses should I expect to pay?
, works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management.  After a long and successful clinical career, you are ready to sell your practice. In our last post, my colleague, Katie Collins, laid out the expenses that a buyer should expect to...  Read More
Buying a practice: What expenses should you expect to pay?
, helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy. What an exciting time! You have been looking for a dental practice to purchase and you’ve found it! The location is perfect. The philosophy of the selling dentist...  Read More
What am I selling when I sell my practice?
, where he specializes in helping dentists connect their money and their values to realize their most important financial goals. In a previous blog, Katie Collins considered the notion of a “fair price” when selling a dental practice. But a deeper dive into the selling price reveals specifically...  Read More
What am I buying when I purchase a practice?
, works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management.  In our recent blogs, my colleagues and I have been unpacking the elements of selling a practice. Recently, Mike McAninch took a deep dive into just what it is the seller is selling....  Read More
Selling a practice: What is a fair price?
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy.   The time has come. You’ve spoken to your wealth advisor, and they are confident you have reached financial...  Read More
Purchasing a Practice: What Is a Fair Price?
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals. My colleagues and I will spend the first few months of this new year focusing on various aspects of dental practice...  Read More
Do I Have to Pay Income Taxes or Estate Taxes on My Inheritance?
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy. In 1789, Benjamin Franklin wrote, “Our new Constitution is now established and has an appearance that promises...  Read More
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